According to a new report, published by KBV research, The Global Electrolyte Mixes Market size is expected to reach $24.7 billion by 2030, rising at a market growth of 5.5% CAGR during the forecast period.
The Sports Drinks segment acquired the highest revenue share in the Global Electrolyte Mixes Market by Type in 2022, thereby achieving a market value of $14.1 billion by 2030. Sports drinks are becoming increasingly common due to their versatility and ease. The introduction of sugar-free RTD electrolyte beverages is being driven by the rise in the number of people who are calorie conscious because of the prevalence of obesity and the rise in diabetes incidence. Additionally, producers are switching to natural sweeteners from artificial ones. For instance, PepsiCo's Gatorade brand announced the release of Gatorade Fit, a new electrolyte beverage, in February 2022.
The Residential segment is showcasing a CAGR of 7.2% during (2023 - 2030). This is explained by people's growing knowledge of the importance of well-being and hydration. People who need hydration support to replenish electrolytes after physical exertion or when dehydrated frequently take electrolyte mixes at home. To improve their hydration, many people ingest electrolyte mixtures at home. Electrolytes, including calcium, potassium, sodium, and magnesium, preserve the body's fluid balance. These crucial minerals are included in electrolyte mixes, which replenish electrolyte reserves and promote optimum hydration.
The Specialty Stores segment is generating the maximum revenue share in the Global Electrolyte Mixes Market by Distribution Channel in 2022, thereby achieving a market value of $9.0 billion by 2030. Specialty stores can be a great way to locate a variety of electrolyte mixes, particularly if they offer novel formulas or cater to certain dietary requirements. Numerous health & wellness products, such as hydration and sports nutrition alternatives, are frequently sold in these stores. Health food shops, sports nutrition shops, and specialty dietary supplement shops are a few of the niche retailers.
The North America region dominated the Global Electrolyte Mixes Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $8,636 million by 2030. The Europe market is exhibiting a CAGR of 5.1% during (2023 - 2030). Additionally, The Asia Pacific market would witness a CAGR of 6.3% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/electrolyte-mixes-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Atlantic Essential Products, Inc., Dr. Price's Vitamins (Dr. Price's Vitamins, Inc.), First Endurance, GU Energy Labs, Halewood Laboratories Pvt. Ltd., Hammer Nutrition, Nutricost (ESUPPLEMENTS, LLC), Skratch Labs, LLC, Ultima Health Products, Inc. (WM Partners LP), and Unilever PLC.
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